More than four in ten (45%) British savers expect to draw cash out of savings and investments to cope with the impact of Coronavirus on their household’s finances.

Royal London has sold its adviser platform business Ascentric - which has £14bn in Assets Under Administration - to fund manager M&G.  

Wealth manager St James’s Place has reported a slowdown in new client investment as the impact of Covid-19 hits investor confidence.

Wealth manager Brown Shipley has appointed BNY Mellon veteran and CISI chairman Michael Cole-Fontayn as its new chairman in a move which will see current chair Rory Tapner become chair of parent company, the Luxembourg-based Quintet Private Bank.

Seasoned executive Andy Smart is to take over from Christopher Rodrigues as chairman of Openwork Holdings, the parent of 3,900-adviser network Openwork.

Embark Group’s new ‘Advance by Embark’ platform has been added to the Origo technology integration hub, becoming the 22nd company to join the fintech inter-connection service.

Wealth manager Charles Stanley is continuing to invest in its Financial Planning arm despite growing losses.

The Personal Finance Society has backed FCA’s changes to mandatory Continuing Professional Development (CPD) requirements during the Coronavirus outbreak.

Senior executives from finance, consumer rights, research and technology have joined a new body designed to provide industry input to the government-backed financial guidance body MAPS.

The vast majority of retail investors stayed invested during the pandemic with just 2% pulling out, according to a survey by a retail investment platform.